Medallion Financial Corp. (NASDAQ:MFIN) to Issue Quarterly Dividend of $0.11

Medallion Financial Corp. (NASDAQ:MFIN - Get Free Report) declared a quarterly dividend on Tuesday, March 4th, RTT News reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.11 per share by the credit services provider on Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Monday, March 17th.

Medallion Financial has a dividend payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Medallion Financial to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 27.3%.

Medallion Financial Trading Up 0.1 %

MFIN traded up $0.01 during midday trading on Friday, reaching $8.75. 39,689 shares of the company's stock traded hands, compared to its average volume of 42,566. The firm has a fifty day moving average of $8.88 and a two-hundred day moving average of $8.86. The stock has a market capitalization of $201.85 million, a price-to-earnings ratio of 5.18 and a beta of 2.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.18 and a quick ratio of 1.18. Medallion Financial has a 52 week low of $6.48 and a 52 week high of $10.50.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The credit services provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.10. The business had revenue of $53.10 million during the quarter, compared to analyst estimates of $53.66 million. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. On average, equities analysts anticipate that Medallion Financial will post 1.46 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

Separately, StockNews.com raised Medallion Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th.

Medallion Financial Company Profile

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.